Weath Bulletin – Lord Rothschild’s investment house has ploughed back into hedge funds, a year after moving out of nearly all of their holdings in this area, as the firm enjoys both increased investment and an upswing its share price.
An interim management statement from Lord Rothschild’s listed investment company, RIT Capital, to the London Stock Exchange yesterday revealed that the company had allocated $67m (€46.6m) to hedge funds since the beginning of October.
In this period, RIT has sunk $27m into Althea, the new launch of ex-Tudor partner James Harpel.
